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415 Wayne Avenue
About This Property
But what truly sets this property apart is the outdoor oasis it offers. Imagine having your very own pool and tiki bar, a slice of tropical paradise right in your backyard. It's the perfect setting for relaxing weekends, poolside gatherings, and unforgettable summer evenings. Room enough for an RV or a Boat on the side of the house. The large family room is a welcoming haven for entertaining friends and family. Whether you're hosting game nights, movie marathons, or holiday celebrations, this spacious area provides the perfect canvas for your gatherings.'||chr(10)||'And let's not forget the location - Indialantic, FL. This coastal town embodies the Florida dream, with its pristine beaches, year-round sunshine, and a strong sense of community. Living here means you're just two blocks from the ocean, allowing you to savor the coastal lifestyle every day. Nested between the Intracoastal and the Atlantic Ocean assures you can capture the sunrises on the beach and the sunsets over the River.'||chr(10)||'Moreover, the air-conditioned shed is a versatile space that can be tailored to your needs. It's an additional feature that adds considerable value to this home.'||chr(10)||'In summary, this 2890 square foot, 3-bedroom, 2-bathroom home in Indialantic, FL, offers not just a place to live but a lifestyle to savor. Make this home yours, and experience the best of coastal living in this charming Florida town.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017